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Croatia Property Investment News
New development plans released for Croatia’s coast
The Croatian government has released development plans for most of Croatia’s coastline. The news comes after a holding period during which time the government ascertained the strategy for property development in Croatia. The plans, which include a number of marinas and golf resorts, will start to come to fruition over the coming six months.
There are currently no finished modern resorts in Croatia on a par with those found in other popular tourist countries, but these plans signal that this is all about to change. The government has ensured, however, that the development will not adversely affect the stunning natural beauty of Croatia’s coastline. Construction will be closely regulated, most resorts will be low density and there will be no building within 70m of the coast.
The construction plans have come about due to the increase in the number of tourists visiting Croatia and the subsequent demand for holiday accommodation close to the country’s coastline. Croatia’s stability following the end of the civil war in Yugoslavia has led to more and more tourists visiting the country now it is independent and established in its own right.
The tourism boom is good news for those investing in Croatian real estate – mostly the British, according to Kieran Kelleher of Dream Croatia. In a recent interview with ‘A Place in the Sun’, Kelleher states that, “Many of the products coming to the market are aimed at British buyers, so we expect a large increase over the next two years”.
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